Cyclodextrin Market Size

Cyclodextrin Market Size

Global Cyclodextrin Market size surpassed USD 260 million, in 2020 and is projected to grow over 5.5% CAGR from 2021 to 2027 due to increasing consumption of dietary supplements and tablet formulation of drugs. Increasing global demand for orally formulated products in the pharmaceutical industry is creating a favorable condition for the market.

Cyclodextrins belongs to the cyclic oligosaccharide’s family, which consists of a macrocyclic ring of glucose subunits which are joined by α-1,4 glycosidic bonds. They are produced from starch through enzymatic conversion. They are homogeneous, non-hygroscopic & crystalline and have a hydrophobic inner cavity with a hydrophilic exterior.

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Cyclodextrins are mainly used in the pharmaceutical, food& beverage, drug delivery, environmental engineering, chemical, and agriculture industries. Cyclodextrins are complex agents used in various pharmaceutical formulations and oral products as they increase the bioavailability of low water soluble & unstable drugs. For instance, in Europe, β-CD is used in cetirizine tablets & cisapride suppositories and γ-CD is used in minoxidil solutions.

Changing consumer perception toward health and increasing consumption of dietary supplements have impacted the market positively. Cyclodextrin is also used as an excipient in pharmaceutical & nutraceutical products. Owing to the Covid-19 pandemic, healthcare professionals have recommended many antiviral drugs to patients to defend themselves from the virus at the initial stage. The increased usage of these drugs has increased the consumption of cyclodextrins, accelerating the market growth during the forecast period.